Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $6,684 | $7,907 | $8,508 | $8,438 | $7,746 |
| Gross Profit | $2,474 | $2,970 | $3,064 | $3,085 | $2,959 |
| Operating Income | $933 | $1,282 | $1,379 | $1,366 | $1,206 |
| Net Income | $683 | $1,124 | $1,065 | $1,057 | $2,697 |
Over the five-year period, DOVER Corp’s revenue grew from about $6.68 billion in 2020 to a peak of roughly $8.51 billion in 2022 before contracting to approximately $7.75 billion in 2024. Gross profit moved in a similar pattern, rising from $2.47 billion in 2020 to around $3.08 billion in 2023 with a modest dip in 2024. Operating income steadily increased from $933 million in 2020 to about $1.38 billion in 2022, then decreased to $1.21 billion in 2024. These trends suggest that while the company experienced revenue and margin pressures in the later year, its core operational performance remained relatively consistent over the period, reflecting disciplined cost management in a competitive industrial environment. A particularly notable trend is the dramatic surge in net income. Beginning at $683 million in 2020 and rising to $1.12 billion in 2021, net income gradually declined through 2022 and 2023, until it nearly doubled to $2.70 billion in 2024. This more than 150% increase from the previous year represents a significant year-over-year swing that exceeds typical operational growth. Such a leap might be driven by non-recurring factors—perhaps tax realizations, changes in accounting treatments, or a one-time gain—given that operating income did not mirror the same magnitude of improvement. Overall, DOVER Corp appears to be in sound financial health, demonstrating the ability to manage its operating performance effectively, though further investigation into the extraordinary net income spike in 2024 would be useful for fully assessing the sustainability of its earnings.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.